(HBO) – As many as 200 businesses were set up in the northwestern province of Hoa Binh in the first six months of the year, representing a rise of 20.47 percent year-on-year.
The combined registered capital of those firms amounted to 2.8 trillion VND (121.34 million USD), up 169.67 percent.
Esquel
Vietnam,operating in Luong Son Industrial Zone, creates jobs for 4,000
labourers.
Relevant authorities handled procedures for 38 firms to register their
branches and representative offices. They also issued changes of business
registration certificates for 453 firms.
In the period, 72 enterprises halted their operations and 25
others had their certificates revoked, with seven of them voluntarily
dissolved.
The province has instructed the completion of the equitisation to
turn the Road management Section I into the Hoa Binh Traffic Construction joint
Stock Company, as well as the continuation of the first public offering of the Road
management Section II.
Procedures to change agricultural companies into limited companies
with at least two members are also in preparation, while a plan to divest the
Hoa Binh clean water joint stock company in 2018 is underway.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
